BALTIMORE, Md. – The Maryland State Department of Assessments and Taxation (SDAT) today announced the availability of 2022 annual reports, personal property tax returns, and extension requests for businesses registered in Maryland. All domestic and foreign business entities must file an annual report or request an extension by April 15, 2022, to maintain their “good standing” status.
“Since the onset of the pandemic, the number of new businesses registered with the state has surged by historic numbers – 91,929 in 2020 and 84,822 in 2021 – and SDAT has implemented 15 new online filing features, making us well-poised to serve every business that chooses to file online,” said SDAT Director Michael Higgs. “These impressive numbers prove that Maryland’s economy is on the road to recovery, and we look forward to continuing to provide all of our customers with the best service possible.”
SDAT reminds customers that the quickest and easiest way to submit these filings is through SDAT’s award-winning Maryland Business Express site. Once received, annual reports filed online are posted the next business day. Businesses that request a two month filing extension through SDAT’s online extension system will have a deadline of June 15, 2022.
All businesses in Maryland must file an annual report yearly to maintain “good standing” status. If your business owns, leases, or uses personal property in Maryland and/or maintains a trader’s license with a local unit of government in Maryland, a personal property tax return must also be filed.
If you do not file the required documents by the deadline, your business falls out of “good standing” status and may enter “forfeited” status soon thereafter. If your business is currently not in good standing because of failure to submit previous annual filings, you may now file up to ten years of overdue annual reports and personal property tax returns online to regain the ability to legally conduct business in Maryland.
For more information about the required annual filings or to view the status of your business, visit the Maryland Business Express page on maintaining “good standing” status. To view entity filings for free online and review the legal status of your business, access our Maryland Business Express Entity Search. You may now view live processing times for charter filings on Maryland Business Express. SDAT strongly recommends that all business owners sign up for our distribution list to receive timely reminders to file these important documents and tax credit applications, and/or to receive general SDAT news updates.
For additional questions about any of the information in this release, please contact SDAT’s Personal Property Valuation Unit at SDAT.PersProp@Maryland.gov.